Analysis of the Impact of Industries on Senegal’s Economy

Abstract

In this study, the researcher seeks to use empirical data to analyze the impact of industries on the Senegalese economy. The paper used secondary data from the World Bank and Senegal's National Statistics and Demography Agency (ANSD) and covered the period between 1960 to 2016.The research employed the specification model and selected variables underlying the hypotheses for the study in prior expectations. The methodology used for the study is descriptive analysis. At the end of this study, it was be concluded that the methodology adopted was the participatory method, which is an interactive research model based on both theoretical and empirical analyzes. The ARDL most revealed short-and long-term correlations between variables were also used to determine the impact of the industrial sector on Senegalese economic growth as well as the factors that influence it. Between 1980-2016, empirical research was conducted to examine the industrial sector and its impact on economic growth.

Keywords:Senegal, Industrialization, Economy, Growth, development

DOI: 10.7176/EJBM/15-12-01

Publication date:June 30^th 2023